File #:
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12-1825
Version:
1
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Name:
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Tax Appeal Stipulation of Settlement
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Type:
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Resolution
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Status:
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Filed
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File created:
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8/27/2012
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In control:
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Finance
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On agenda:
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10/3/2012
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Final action:
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10/3/2012
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Title:
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Dept/ Agency: Finance
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Purpose: Stipulation of Settlements for Tax Appeals
List of Property:
(Tax Payer/Address/Block/Lot/Ward/Assmnt./Year/Refund Amount)
Casa De Tras Os Montes E Alto-Duoro/189 Malvern Street/1127/10/East/$391,300/2012
Castelo, Gilberto/465-467 Ferry Street/2484/1/East/$456,000/2009
Castelo, Gilberto/465-467 Ferry Street/2484/1/East/$456,000/2010
Castelo, Gilberto/465-467 Ferry Street/2484/1/East/$456,000/2011
Castelo, Gilberto/465-467 Ferry Street/2484/1/East/$456,000/2012
Centro Orensano Social Club/67-73 Bruen Street/198/1/East/$800,000/2010
Centro Orensano Social Club/67-73 Bruen Street/198/1/East/$675,000/2011
Centro Orensano Social Club/67-73 Bruen Street/198/1/East/$675,000/2012
Cuco, Dolce/59-67 Wall Street/2038/33/East/$525,000/2010
Cuco, Dolce/59-67 Wall Street/2038/33/East/$525,000/2011
Cuco, Dolce/59-67 Wall Street/2038/33/East/$525,000/2012
Davanne Realty ? Mandelbaum/9-15 Legal S...
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Title
Dept/ Agency: Finance
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Purpose: Stipulation of Settlements for Tax Appeals
List of Property:
(Tax Payer/Address/Block/Lot/Ward/Assmnt./Year/Refund Amount)
Casa De Tras Os Montes E Alto-Duoro/189 Malvern Street/1127/10/East/$391,300/2012 |
Castelo, Gilberto/465-467 Ferry Street/2484/1/East/$456,000/2009 |
Castelo, Gilberto/465-467 Ferry Street/2484/1/East/$456,000/2010 |
Castelo, Gilberto/465-467 Ferry Street/2484/1/East/$456,000/2011 |
Castelo, Gilberto/465-467 Ferry Street/2484/1/East/$456,000/2012 |
Centro Orensano Social Club/67-73 Bruen Street/198/1/East/$800,000/2010 |
Centro Orensano Social Club/67-73 Bruen Street/198/1/East/$675,000/2011 |
Centro Orensano Social Club/67-73 Bruen Street/198/1/East/$675,000/2012 |
Cuco, Dolce/59-67 Wall Street/2038/33/East/$525,000/2010 |
Cuco, Dolce/59-67 Wall Street/2038/33/East/$525,000/2011 |
Cuco, Dolce/59-67 Wall Street/2038/33/East/$525,000/2012 |
Davanne Realty ℅ Mandelbaum/9-15 Legal Street/3511/42/South/$205,700/2009 |
Davanne Realty ℅ Mandelbaum/9-15 Legal Street/3511/42/South/$205,700/2010 |
Etienne, Luckson & Christina/265-269 Stuyvesant Avenue/4099/8/West/$730,900/2010 |
Etienne, Luckson & Christina/265-269 Stuyvesant Avenue/4099/8/West/$730,900/2011 |
Etienne, Luckson & Christina/265-269 Stuyvesant Avenue/4099/8/West/$730,900/2012 |
First King Properties, LLC/717-723 Dr. Martin Luther King, Jr. Blvd./2559/31/Central/$1,153,200/2009 |
First King Properties, LLC/717-723 Dr. Martin Luther King, Jr. Blvd./2559/31/Central/$1,153,200/2010 |
First King Properties, LLC/717-723 Dr. Martin Luther King, Jr. Blvd./2559/31/Central/$1,153,200/2011 |
First King Properties, LLC/717-723 Dr. Martin Luther King , Jr. Blvd./2559/31/Central/$1,153,200/2012 |
First King Properties, LLC/725-727 Dr. Martin Luther King, Jr. Blvd./2559/35/Central/$1,379,800/2009 |
First King Properties, LLC/725-727 Dr. Martin Luther King, Jr. Blvd./2559/35/Central/$1,379,800/2010 |
First King Properties, LLC/725-727 Dr. Martin Luther King, Jr. Blvd./2559/35/Central/$1,379,800/2011 |
First King Properties, LLC/725-727 Dr. Martin Luther King, Jr. Blvd./2559/35/Central/$1,379,800/2012 |
First King Properties, LLC/90-92 Spruce Street/2559/41/Central/$582,600/2009 |
First King Properties, LLC/90-92 Spruce Street/2559/41/Central/$582,600/2010 |
First King Properties, LLC/90-92 Spruce Street/2559/41/Central/$582,600/2011 |
First King Properties, LLC/90-92 Spruce Street/2559/41/Central/$582,600/2012 |
First King Properties, LLC/94-96 Spruce Street/2559/42/Central/$592,000/2009 |
First King Properties, LLC/94-96 Spruce Street/2559/42/Central/$592,000/2010 |
First King Properties, LLC/94-96 Spruce Street/2559/42/Central/$592,000/2011 |
First King Properties, LLC/94-96 Spruce Street/2559/42/Central/$592,000/2012 |
First King Properties, LLC/98-100 Spruce Street/2559/44/Central/$592,400/2009 |
First King Properties, LLC/98-100 Spruce Street/2559/44/Central/$592,400/2010 |
First King Properties, LLC/98-100 Spruce Street/2559/44/Central/$592,400/2011 |
First King Properties, LLC/98-100 Spruce Street/2559/44/Central/$592,400/2012 |
Garrido Enterprise, LLC/396-402 Bloomfield Avenue/595/8/North/$525,000/2010 |
Garrido Enterprise, LLC/396-402 Bloomfield Avenue/595/8/North/$525,000/2011 |
Nepa Holding, LLC/1244-1254 McCarter Highway/436.01/41/Central/$609,000/2009 |
Nepa Holding, LLC/1244-1254 McCarter Highway/436.01/41/Central/$460,000/2010 |
Nepa Holding, LLC/1244-1254 McCarter Highway/436.01/41/Central/$460,000/2011 |
Nepa Holding, LLC/1244-1254 McCarter Highway/436.01/41/Central/$460,000/2012 |
Oberwill Corporation/366-394 Wilson Avenue, Rear/5038/97/East/$740,000/2009 |
Oberwill Corporation/366-394 Wilson Avenue, Rear/5038/97/East/$675,000/2010 |
Oberwill Corporation/366-394 Wilson Avenue, Rear/5038/97/East/$675,000/2011 |
Oberwill Corporation/366-394 Wilson Avenue, Rear/5038/97/East/$675,000/2012 |
Paramount Realty, Inc./133-135 Mount Pleasant Avenue/522/15/Central/$49,800/2010 |
Paramount Realty, Inc./133-135 Mount Pleasant Avenue/522/15/Central/$49,800/2011 |
Paramount Realty, Inc./133-135 Mount Pleasant Avenue/522/15/Central/$49,800/2012 |
Sierra, Carmelo/89-93 Montclair Avenue/821/42/North/$700,000/2011 |
Sierra, Carmelo/89-93 Montclair Avenue/821/42/North/$700,000/2012 |
Yglesias Commercial Properties/25-31 New York Avenue/915/42/East/$806,000/2009 |
Yglesias Commercial Properties/25-31 New York Avenue/915/42/East/$806,000/2010 |
Yglesias Commercial Properties/25-31 New York Avenue/915/42/East/$806,000/2011 |
Yglesias Commercial Properties/13-23 New York Avenue/915/46/East/$944,000/2009 |
Yglesias Commercial Properties/13-23 New York Avenue/915/46/East/$944,000/2010 |
Yglesias Commercial Properties/13-23 New York Avenue/915/46/East/$944,000/2011 |
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Additional Information:
Invitation: Corporation Counsel, October 2, 2012
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WHEREAS, there are now pending before the Tax Court of New Jersey direct appeals challenging real property assessments and actions to review judgments of the Essex County Board of Taxation with regard to properties listed on the attached Schedule A; and
WHEREAS, after a review of the appraisals of both the City and the taxpayer and an analysis of prior County Board and Tax Court actions as they affect these properties, and after careful consideration of these facts, it is the opinion of the Tax Assessor and of the Corporation Counsel that these settlements are in the best interests of the City of Newark.
NOW, THEREFORE, BE IT RESOLVED BY THE MUNICIPAL COUNCIL OF THE CITY OF NEWARK, NEW JERSEY, THAT:
1. The Corporation Counsel of the City of Newark be and is hereby authorized to execute a Stipulation of Settlement with regard to certain properties as set forth in Schedule A, after receipt of all documents deemed appropriate.
2. The City Clerk shall serve a copy of this resolution upon the Tax Assessor, Corporation Counsel and the Department of Finance.
STATEMENT: This resolution authorizes the execution of a Stipulation of Settlement with regard to Tax Appeals on properties set forth in Schedule A.
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